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Gold Project
Resource Estimates
In October 2007, we announced the results of an updated NI 43-101 compliant gold resource estimate based on results obtained through September 2007. AAT Mining Services has estimated a total measured resource of 532,801 ounces and an indicated resource of 223,785 ounces at the Molejon gold deposit (see table below). Additionally, an inferred resource of 342,111 ounces at an average grade of 0.872 g/t above a cutoff of 0.5 g/t was estimated. The 123,000 indicated resource ounces of gold delineated at the nearby Botija Abajo deposit through June 2007 increases the total gold resources at the global Molejon project by 40% since the last resource estimate announced in April 2007.
Measured |
| Grade cutoff |
Tonnes |
Au |
Au |
Au |
| in g/t |
|
grams/tonne |
grams |
ounces |
| .5 |
7,683,176 |
1.013 |
7,784,218 |
250,272 |
| 2.5 |
1,170,618 |
3.469 |
4,060,956 |
130,565 |
| 5.0 |
591,315 |
7.993 |
4,726,538 |
151,964 |
| Total |
9,445,109 |
1.75 |
16,571,712 |
532,801 |
Indicated |
| Grade cutoff |
Tonnes |
Au |
Au |
Au |
| in g/t |
|
grams/tonne |
grams |
ounces |
| .5
|
5,873,534
|
0.924
|
5,426,666
|
174,474
|
| 2.5
|
345,516
|
3.236
|
1,117,982
|
35,944
|
| 5.0
|
62,508
|
6.651
|
415,769
|
13,367
|
| Total |
6,281,558
|
1.11
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6,960,417
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223,785
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Inferred |
Grade Cutoff
g/Tonne |
Inferred
Tonnes |
Average Gold
Grade
g/Tonne |
Inferred
Gold Grams
(contained) |
Inferred
Gold Troy
Ounces
(contained) |
| 0.5
|
12,190,533
|
0.869
|
10,589,925
|
340,479
|
| 2.5
|
18,471
|
2.747
|
50,747
|
1,632
|
| Total |
12,209,004
|
0.872
|
10,640,672
|
342,111
|
Further, another 458,502 Inferred ounces have been geostatistically shown in a new area northwest of the Molejon Measured and Indicated Resources.
A color coded map showing the Measured and Indicated in gold and the Inferred in blue will be posted on the Company's website.
Cautionary Note to U.S. Investors concerning estimates of Inferred Resources
This website uses the term "inferred" resources. We advise U.S. investors that while this term is recognized and required by Canadian regulations, the U.S. Securities and Exchange Commission does not recognize it. "Inferred resources" have a great amount of uncertainty as to their existence, and great uncertainty as to their economic and legal feasibility. It cannot be assumed that all or any part of an Inferred Mineral Resource will ever be upgraded to a higher category. Under Canadian rules, estimates of Inferred Mineral Resources may not form the basis of feasibility or pre-feasibility studies, except in rare cases. U.S. investors are cautioned not to assume that part or all of an inferred resource exists, or is economically or legally minable.
The Molejon Gold Project has been divided into three zones:
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Main Zone
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Central Zone
-
Northwest Zone
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Copyright © 2006 Petaquilla Minerals Ltd. Corporation. All rights reserved. |
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